At the time of writing, Paccar Inc. [PCAR] stock is trading at $124.46, up 1.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PCAR shares have gain 2.48% over the last week, with a monthly amount glided 11.79%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, PACCAR Recognizes Top Performing Suppliers in North America. In a post published today on Yahoo Finance, PACCAR utilizes its comprehensive Supplier Performance Management Program (SPM) to evaluate supplier achievements in the areas of product development, operations and aftermarket support, and alignment with PACCAR’s key business objectives.
From an analyst’s perspective:
Paccar Inc. [NASDAQ: PCAR] stock has seen the most recent analyst activity on March 26, 2024, when RBC Capital Mkts initiated its Sector Perform rating and assigned the stock a price target of $123. Previously, UBS upgraded its rating to Buy on March 15, 2024. On March 14, 2024, Truist initiated with a Hold rating and assigned a price target of $117 on the stock. TD Cowen reiterated its Market Perform rating and increased its price target to $108 on January 24, 2024. BofA Securities upgraded its rating to a Neutral and raised its price target to $97 on January 19, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on January 08, 2024, and assigned it a price target of $125. In a note dated October 25, 2023, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $94 to $115.
For the past year, the stock price of Paccar Inc. fluctuated between $65.28 and $124.89. Currently, Wall Street analysts expect the stock to reach $73.74 within the next 12 months. Paccar Inc. [NASDAQ: PCAR] shares were valued at $124.46 at the most recent close of the market. An investor can expect a potential drop of -40.75% based on the average PCAR price forecast.
Analyzing the PCAR fundamentals
According to Paccar Inc. [NASDAQ:PCAR], the company’s sales were 35.16B for trailing twelve months, which represents an 11.70% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.3 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 123.56 points at the first support level, and at 122.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.02, and for the 2nd resistance point, it is at 125.57.
Paccar Inc. [PCAR] reported earnings per share of $2.7 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.22/share, meaning a difference of $0.48 and a surprise factor of 21.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.34 per share as compared to estimates of $2.12 per share, a difference of $0.22 representing a surprise of 10.40%.
Ratios To Look Out For
It is important to note that Paccar Inc. [NASDAQ:PCAR] has a current ratio of 1.08. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 4.10 and price to earnings (TTM) ratio is 14.21.
Transactions by insiders
Recent insider trading involved SCHIPPERS HARRIE, PRESIDENT & CFO, that happened on Feb 12 ’24 when 32797.0 shares were sold. VICE PRESIDENT, HUBBARD TODD R completed a deal on Feb 12 ’24 to sell 2000.0 shares. Meanwhile, PRESIDENT & CFO SCHIPPERS HARRIE sold 32000.0 shares on Feb 05 ’24.
